Occidental Petroleum Corporation (NYSE:OXY) Receives Coverage Optimism Score of 0.13
News articles about Occidental Petroleum Corporation (NYSE:OXY) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Occidental Petroleum Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 46.9334072900568 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Maple Capital Management Inc. Purchases 2399 Shares of Occidental Petroleum Corporation (OXY) (expressnewsline.com)
- Alpha Windward LLC Reduces Stake in Occidental Petroleum Corporation (OXY) (newstrendstoday.com)
- Brokerages Set Occidental Petroleum Corporation (NYSE:OXY) Target Price at $68.51 (techkenyot.com)
- Occidental Petroleum Corporation (NYSE:OXY) versus Activision Blizzard, Inc. (NASDAQ:ATVI): The Right Stocks For … – FLBC News (flbcnews.com)
- Running on Empty or is Occidental Petroleum Corp (OXY) Refueling? – Evergreen Caller (evergreencaller.com)
A number of brokerages recently weighed in on OXY. Barclays PLC set a $38.00 price target on shares of Occidental Petroleum Corporation and gave the company a “sell” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC set a $64.00 target price on shares of Occidental Petroleum Corporation and gave the stock a “hold” rating in a report on Saturday, July 29th. Citigroup Inc. downgraded shares of Occidental Petroleum Corporation from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $66.00 to $58.00 in a report on Friday, July 21st. Finally, Cowen and Company set a $75.00 target price on shares of Occidental Petroleum Corporation and gave the stock a “buy” rating in a report on Wednesday, July 19th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Occidental Petroleum Corporation has a consensus rating of “Hold” and an average target price of $66.38.
Shares of Occidental Petroleum Corporation (NYSE OXY) traded up 0.18% during trading on Monday, hitting $61.24. 2,464,144 shares of the stock traded hands. The company has a 50-day moving average of $60.55 and a 200-day moving average of $62.46. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $78.48. The firm has a market cap of $46.82 billion, a P/E ratio of 431.27 and a beta of 0.65.
Occidental Petroleum Corporation (NYSE:OXY) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the firm earned ($0.18) earnings per share. Occidental Petroleum Corporation’s revenue for the quarter was up 40.9% on a year-over-year basis. On average, analysts forecast that Occidental Petroleum Corporation will post $0.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 11th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.03%. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, September 8th. Occidental Petroleum Corporation’s dividend payout ratio is presently 2,338.46%.
In other news, CFO Cedric W. Burgher bought 1,700 shares of the stock in a transaction dated Wednesday, June 7th. The shares were bought at an average cost of $59.85 per share, with a total value of $101,745.00. Following the completion of the transaction, the chief financial officer now directly owns 44,124 shares of the company’s stock, valued at $2,640,821.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William R. Klesse bought 10,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average cost of $61.58 per share, for a total transaction of $615,800.00. Following the completion of the transaction, the director now directly owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The disclosure for this purchase can be found here. 0.32% of the stock is owned by corporate insiders.
About Occidental Petroleum Corporation
Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.
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